Revenues (Tables)

9 Months Ended

Nov. 03, 2018

Revenue from Contract with Customer [Abstract]

Schedule of Impact of the Adoption of Topic 606

The impact of the adoption of Topic 606 on the condensed balance sheet as of November 3, 2018 was as follows:



	November 3, 2018
($ thousands)	As reported		Balances without adoption of Topic 606		Effect of change Higher/(Lower)

Balance sheet
Assets
Current assets:
Receivables, net	$	192,246	$	183,542	$	8,704
Inventories, net	698,265		704,655		(6,390		)
Prepaid expenses and other current assets	63,166		55,018		8,148

Liabilities
Current liabilities:
Other accrued expenses	209,479		193,606		15,873

Equity
Retained earnings	638,191		643,602		(5,411		)

The impact of all changes related to Topic 606 to the statement of earnings for the thirteen and thirty-nine weeks ended November 3, 2018 was as follows:



	For the Thirteen Weeks Ended November 3, 2018
($ thousands)	As reported		Balances without the adoption of Topic 606		Effect of change (Lower)/Higher

Statement of Earnings
Net sales	$	775,829	$	777,254	$	(1,425	)
Cost of goods sold	465,219		465,126		93
Gross profit	310,610		312,128		(1,518		)
Selling and administrative expenses	265,522		266,225		(703		)
Restructuring and other special charges, net	5,340		5,340		—
Operating earnings	$	39,748	$	40,563	$	(815	)


	For the Thirty-Nine Weeks Ended November 3, 2018
($ thousands)	As reported		Balances without the adoption of Topic 606		Effect of change (Lower)/Higher

Statement of Earnings
Net sales	$	2,114,583	$	2,117,437	$	(2,854	)
Cost of goods sold	1,235,950		1,235,932		18
Gross profit	878,633		881,505		(2,872		)
Selling and administrative expenses	774,555		776,475		(1,920		)
Restructuring and other special charges, net	9,240		9,240		—
Operating earnings	$	94,838	$	95,790	$	(952	)

Schedule of Disaggregation of Revenue

The following table disaggregates revenue by segment and major source for the periods ended November 3, 2018:



	For the Thirteen Weeks Ended November 3, 2018
($ thousands)	Famous Footwear		Brand Portfolio		Total

Retail stores	$	408,248	$	43,186	$	451,434
Landed wholesale	—		207,581		207,581
First-cost wholesale	—		21,345		21,345
E-commerce	40,383		51,080		91,463
Licensing and royalty	—		3,810		3,810
Other ⁽¹⁾	134		62		196
Net sales	$	448,765	$	327,064	$	775,829

	For the Thirty-Nine Weeks Ended November 3, 2018
($ thousands)	Famous Footwear		Brand Portfolio		Total


Retail stores	$	1,147,512	$	129,557	$	1,277,069
Landed wholesale	—		539,845		539,845
First-cost wholesale	—		61,910		61,910
E-commerce	93,729		129,303		223,032
Licensing and royalty	—		12,104		12,104
Other ⁽¹⁾	407		216		623
Net sales	$	1,241,648	$	872,935	$	2,114,583
⁽¹⁾Includes breakage revenue from unredeemed gift cards.

^[1]

Schedule of Contract Balances

Information about significant contract balances from contracts with customers is as follows:



($ thousands)	November 3, 2018		February 3, 2018
Customer allowances and discounts	$	23,835	$	20,259
Rewards program liability	16,299		8,130
Returns reserve	15,373		8,332
Gift card liability	4,169		5,509

[1]	Includes breakage revenue from unredeemed gift cards